Personally, I think they
could pull off the 'Ardalambion' version if they wanted to, and got the right people behind it. At least a live-action/3D-CG
Hobbit could help get that fro-haired cartoon version out of our heads.
Ideally? Ians Holme & Malcom reprising their roles as Bilbo and Gandalf, respectively, and Andy Serkis coming back as Gollum, the Agent Smith guy as "E for Elrond" (well, okay, how about just as Elrond?), and one could even slip Mr. Bloom in for a cameo (make it brief, please!) in the Green-Elves' palace in Mirkwood. After all, as the King's Son of Mirkwood, he would have had no small part in the capture and imprisonment of Thorin and his companions. And thinking of the dwarves: Rhys-Davies as Gloin (father of Gimli).
False ideas may be refuted indeed by argument, but by true ideas alone are they expelled. — Apologia Pro Vita Sua: Cardinal Newman
Freedom lost and then regained bites with deeper fangs than freedom never in danger. — Cicero
You don't have to burn books to destroy a culture. Just get people to stop reading them. — Ray Bradbury